The DeFi market recently experienced one of its largest price surges in over a year. Bitcoin (BTC) broke the $30k barrier, hitting $30,979 before decreasing in price over the past two weeks. While much of the market has also slowed, Binance Coin (BNB) and Collateral Network (COLT) have remained strong with the latter seeing a price increase of 40%.
Bitcoin (BTC) Slips Below $30k
After causing huge trading volume surges following its price increase, Bitcoin (BTC) has gradually decreased in value. As of April 25th, one Bitcoin (BTC) is selling for $27,337, and daily trading volume has dipped from over $20 billion to $15 billion.
This Bitcoin (BTC) decrease has caused many other cryptocurrencies to decline over the past two weeks, with some projects losing over 10% of their value. Nonetheless, Bitcoin (BTC) investors remain optimistic. This recent growth shows the crypto industry is back on the rise after the recent bear market.
Additionally, as investors continue to question the strength of the traditional banking system, the value of Bitcoin (BTC) is expected to spike several times over the next few months. As a result, some investors are using this recent decline as an opportunity to buy more Bitcoin (BTC) before it rises.
Binance Coin (BNB) Stays Green While The Market Declines
Despite projects like Solana (SOL) losing over 6% of their value in the last five days, Binance Coin (BNB) is thriving. Binance Coin (BNB) increased in value by 1.70% to $329.98 in the last five days, and trading volume is also rising. This is refreshing news for holders after recent negative media attention around the Binance exchange.
Investors and analysts are now becoming more optimistic about Binance Coin (BNB), as it’s shown that it’s not reliant on Bitcoin (BTC) fluctuations. Furthermore, the Binance Chain recently announced that it will reduce gas fees from 5 gwei to 3 gwei. This is huge news for Binance Coin (BNB), as lower gas fees could lead to greater adoption. Therefore, analysts believe that Binance Coin (BNB) could experience additional price increases over the next few weeks.
Collateral Network (COLT) Price Rises 40% In April
Much like Binance Coin (BNB), Collateral Network is outperforming Bitcoin. Over the past month, Collateral Network (COLT) has increased by 40%, supporting analysts’ predictions that the project could surge 35x before its presale ends.
Collateral Network is completely unique compared to other DeFi projects. It’s designed to revolutionize crowdlending and disrupt traditional borrowing methods. Using Collateral Network’s advanced DeFi platform, borrowers can unlock liquidity from high-value physical assets such as jewelry, fine art, vintage cars, and real estate.
Borrowers’ physical assets are first sent to Collateral Network (COLT) directly, which uses AI to accurately determine the assets’ value. These are brought on-chain as NFTs, later fractionalized in pieces, allowing lenders to buy the number of fractions they wish and earn a passive income in return. The borrower is then required to pay back the loan with interest. If they miss their payments and default on returning the loan, the physical asset will be auctioned to Collateral Network token holders at private auctions.
This innovative application makes crowdlending more efficient, removes entry barriers, and guarantees the highest level of security with 2FA security options.
With its real-world use case, doxxed team (full KYC) and unique lending protocol disrupting a $trillion market, Collateral network has all the makings of a blue chip project that everybody can get involved with.
COLT tokens are selling fast at a current price of only $0.014, the price has already increased 40% with another increase imminent. Now could be a good time to take advantage and add a token to your portfolio that is estimated to grow by 3500%.
Find out more about the Collateral Network presale here: